BayWa AG Gains Approval for Restructuring Plan in StaRUG Proceedings

BayWa AG has announced the acceptance of its restructuring plan under the Act on the Stabilization and Restructuring Framework for Businesses (StaRUG). During the court discussion and voting meeting, known as the EAT, the plan received approval from the necessary majorities.

The next step is the expected confirmation of the plan by the Restructuring Court in Munich. This marks a significant move in BayWa AG's efforts to stabilize and restructure its operations.

The restructuring approach aligns with the regulations set forth by the European Union, demonstrating compliance and strategic alignment with broader financial frameworks.